The new kid on the listed hospitality space

Dec 16, 2024

A professionally managed, highly leveraged, growth oriented, asset heavy, recently listed domestic focused hospitality company, SAMHI enjoys high operating margins only to see its net profit dwindle due to depreciation and interest... company has some marquee investors like Madhusudan Kela, Govt of Singapore and looks to be undervalued relative to its peers..
Technically,post listing there seems to be a triangle in formation and recenty the stock broke out of a base pattern...
my thesis for taking position is an early entry while it seems to be within a triangle in formation based on the base breakout and waiting for the triangle BO confirmation by about 21st Jan 2025... the target I am looking for is 300+
stoploss is a bit deep..time based (22nd jan) and price based, if it rejects the support line, whichever comes early...

Dec 19, 2024

Trade active

The target is a good 50% from current price.. with H2 being strong seasonally...seems good for it...

At present, the market is not valuing it at par with its segment peers as it doesnt have its own brand and also the debt remains elevated.. what it needs in Q3 is a tangible strong net profit to get market to notice it..

price closing below the triangle support and not breaking out by 20th/21st Jan 2025 would be the stoploss.. it declares its Q3 results near about that time so either ways, all the stars will be aligned for it to make an impulse move, now or by the 3rd week of Jan 25